The Atlantis Report: "Worse Than the Great Depression" 12-3-2020
The Atlantis Report:
Dollar Cratering The Economy Collapsing Unemployment Exploding Worse than the Great Depression
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The Dollar Cratering , The Economy Collapsing, The Unemployment Exploding -- It's worse than the Great Depression
Record high unemployment, debt, lies, pandemic deaths, and the market to the moon. The stock market is NOT the economy. The FED is a dealer, and we are witnessing the hallucinations of prosperity.
And Just like everyone calling for higher interest rates, the FED will turn us into Venezuela before that is ever allowed to happen!
Hotels, Airlines, sea cruise operators, dining-in restaurants, car rental outfits, among others, face a new bleak reality future.
Nothing the Fed can't fix with more electronically printed money. Top-down, centralized control of our economy, food production, and Fake Money robbed most Americans of their dignity, health, and real inflation-adjusted income.
The deficit is gone out of control;$3.13 trillion this year if we're lucky, and that's just the budget deficit, not what's added to the national debt. Never mind what's been added to the Fed's balance sheet.
Unlimited money-printing. The balance sheet is now TEN TIMES what it was in 2006. That's enough to crater the dollar in a rush for the exits as confidence melts down.
Don't be distracted by the more complicated measures of money. The Fed has absolute control of only the balance sheet, so it's the rheostat. There's a delay between what happens there and the ultimate consequences, which can misdirect you.
But the collapse can be far greater than the inflation factor, such as it was in the Weimar hyperinflation - when confidence collapsed.
Yet even if the Fed stopped printing, or even shrank the balance sheet, the empire is still doomed.
Default would ensue, and the banking system would collapse. There's no longer any painless way out of this.
For the full transcript go to https://financearmageddon.blogspot.com